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Financial Analyst

4 months ago

Calgary, Alberta, Canada Cenovus Energy Full time

Worker Type:
Employee

Group:
Oil Sands Capital Department

Job Post End Date: 01/20/2023

About this opportunity:


The main purpose of this job is to ensure that capital expenditures for select oil sands properties are properly recorded, analyzed and reported.

This includes booking accruals so financial numbers reflect incurred costs, booking adjusting/correcting journal entries and analyzing the data to ensure accuracy.

The role also involves preparing reports to summarize capital spend, analyzing and commenting on variances to budget & forecast and providing commentary for our financial statements.


About Cenovus:
We're a Canadian-based integrated energy company headquartered in Calgary.

We're committed to maximizing value by sustainably developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans.

We operate in Canada, the United States and the Asia Pacific region.

Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia.

Cenovus's downstream operations include upgrading, refining and marketing operations in Canada and the United States.

Our shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges.

For more information, visit

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Why we work at Cenovus:

  • Safety as a core value
  • Competitive compensation
  • Flex time
  • Employer paid benefits: health, dental, vision & more
  • Volunteering opportunities
  • Community Investment activities
  • Inclusive work environment
  • Career progression/internal mobility opportunities
  • Company/team building events

Responsibilities:

  • Booking and analyzing monthly capital accruals for accountable Oil Sands property (properties).
  • Working with the business and in our accrual tool to get appropriate estimates for accruals and reviewing the data for accuracy and completeness.
  • Monthly cost analysis and variance analysis, including explanations of capital spend and variances to budget and forecast.
  • Work with Business to setup and review WBSs/AFEs for capital projects.
  • Monthly Performance Management Reporting (PMR).
  • Journal entries.
  • Participate in quarterly financial statement review and provide information to the financial statement preparers for areas under your accountability.
  • Work with tax and audit teams to assist with capital spend queries.
  • Prepare quarterly accounting memo on exploration and evaluation capital spend.

Qualifications:

  • Must be legally entitled to work in Canada.
  • Minimum 5 years of work experience in an accounting role.
  • Completed a university degree in Accounting, Finance, or related field.
  • CPA designation preferred.
  • Oil and Gas experience preferred.
  • Highly organized, adaptive and flexible to deliver time sensitive material.
  • Strong written and verbal communication skills across all levels of the organization.
  • Knowledge of financial and accounting practices (IFRS knowledge).
  • Collaborates well with others; will need to work closely with the business and finance teams.
  • Strong communication skills in dealing with multiple business/financial issues and needs.
  • Ability to work independently and make sound decisions.
  • Ability to prioritize multiple tasks and deliver on core accountabilities.
  • Working knowledge of SAP and flexibility to learn new systems and processes is an asset.


At Cenovus we embrace diversity of thought, experience and backgrounds to help us make better business decisions, address our challenges, seize opportunities and unlock innovative solutions.

We define diversity as the variety of people, including all of the unique attributes of our staff, as well as the variety of ideas within our organization.

Building an inclusive workplace by drawing on the skills and talents of a diverse workforce provides Cenovus with a competitive advantage.

We believe it's important to maximize the potential of everyone who works for our company and ensure people feel respected, appreciated and heard.

We define inclusion as 'diversity in action,' creating an environment of involvement, respect and connection, where various ideas, backgrounds and perspectives are harnessed to create business value.

This posting represents the desired scope, accountabilities, skills and experience requirements of the job. These requirements may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.

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